The other day something ‘interesting’ was posted on the UA mailinglist. It’s an excerpt from an article about a man helping the rich to stay rich.
From a NY Times article The Loophole Artist (google news search)
Men (and a few women) of great wealth confide in Blattmachr. The Rockefellers are among those who seek his counsel. Because his specialty is maintaining wealth across time, he needs to know more than just the size and shape of his clients’ fortunes. His work requires knowing whether a marriage is an enduring bond of love or a commercial relationship, or whether heirs can be trusted with fortunes or only allowed a stream of income. He knows of prodigal sons and promising granddaughters, of executives at family-owned businesses who will not learn for years that the brass ring was never going to be theirs. Sometimes men of great wealth whisper secrets they would never share with their wives. He knows how much a mistress costs or whether, if health fails, a spouse can be trusted with the power to pull the plug. His clients reveal these things to Blattmachr because he can help them maintain their wealth now and for their children. He can chart clandestine routes through the maze of the tax code, making a man who appears as a Midas to his bankers look like a pauper to the tax man.
Am I getting in trouble for posting this quote? I am wondering ….